Transcript A Night with the Bears

Dow 1,000
Is Not A Silly Number
March 2010
PDAC
WHY?
• Manias
• Size
• Kondratieff Cycle
• Support / Resistance
• Fundamental Values
• Technical Expectations
• Cycles
• The Economy
Tulip Bulbs
South Sea Company
Down 98.4%
Down 92.4%
Nikkei Ongoing
from top to lowest low, so far down 80.5%
3rd Kondratieff Autumn Bull Market
1921-1929
Winter bear Market 1929 - 1932
Prepared for the Longwave group
Considerable Resistance at 1,000 Points
What Does DOW 1,000 Mean?
An Economic Depression – Leading To:
• Collapse in economy – US GDP down 45% by 1932
• Massive unemployment – 25% in US by 1933
• Major Bank failures – 10,000 US banks failed by March 1933
• Major Bankruptcies
• Consumers
• Corporations
• Governments
• Collapse in world trade – Down 2/3 by 1933
• Commodity prices collapse
• Gold / Silver prices rise on a flight to safety
DOW 1,000 IS NOT A SILLY NUMBER
Ian A. Gordon, The Long Wave Analyst, www.longwavegroup.com
Disclaimer: The opinions and conclusions contained in this report are solely those of the
authour. The information contained in this report is drawn from sources believed to be reliable,
but its accuracy and completeness is not guaranteed. It does not provide investment advice,
because the author has no knowledge of the specific investment objectives, or the financial
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